Realistic financial planning is an essential element
of an educational experience. Due to the rising cost
of education, it has become increasingly difficult for
many students to provide the funds necessary for their
higher education.
With this in mind, the primary purpose of the Financial
Aid Program is to assist qualified students with
limited financial resources to attend. The Pontifical
College Josephinum offers a wide variety of scholarships,
grants, loans, and work opportunities to new and
continuing students. Federal funds are, by statute,
awarded solely on the basis of financial need as
determined by a federally approved needs analysis
system. These funds are available to as many qualified
students as funding will allow. The Josephinum will
work with each student and their family to assess
individual need and to create a financial aid package
which will assist every qualified candidate to participate
in our program.
FINANCIAL AID APPLICATION PROCESS
To receive any type of federal, state or institutional
financial assistance at the Pontifical College Josephinum,
you must complete the financial aid application
process. This process begins with completing the
PCJ financial aid application and the Free Application
for Federal Student Aid (FAFSA).
Be sure to read all financial aid information carefully.
Note that there are deadlines for applying for financial
aid (see the section below titled Filing Deadlines.
Filing early may mean better availability of funds.
Follow these five simple steps to apply for financial
aid:
STEP 1: File the PCJ Application
The PCJ financial aid application should be completed
and returned to the Financial Aid Office at the address
provided below. This form asks what types of financial
aid you are interested in, what outside resources you
have available to help pay for your education, as well
as other important demographic information. This information
assists the Financial Aid Office in the awarding process.
STEP 2: File the FAFSA
File the FAFSA form using FAFSA on the Web at www.fafsa.ed.gov.
FAFSA on the Web is an easy to use Internet application
developed by the Department of Education that:
· Can be used on a personal computer or Macintosh
computer;
· Does not require you to download or install
software; and
· Contains edits that help prevent mistakes!
To complete the FAFSA, you and your parents will
need your 2011 federal tax information. You will
also need our school code, 003113. By providing
this code on your FAFSA, you authorize the Josephinum
to receive the results of your completed application.
A Personal Identification Number (PIN) is required
to complete a FAFSA on the Web. See STEP 3: Apply
for a PIN for instructions.
NOTE: AVOID MAKING ERRORS ON THE FAFSA!
When completing the FAFSA, as well as any other application
materials, you should be extremely careful. Data errors
or omissions made while completing the FAFSA may delay
the processing of your application and even result in
the loss of financial aid funds.
There are certain areas of the FAFSA where families
tend to make the most mistakes. Be sure to pay particular
attention to the instructions when reporting divorced
or remarried parent information, income earned by your
parents, untaxed income, U.S. federal income taxes paid,
household size, and net worth of investments and real
estate.
File early for better availability of funds.
STEP 3: Apply for a PIN
To complete your FAFSA using FAFSA on the Web, you
must have a Personal Identification Number, or PIN.
Your PIN serves as your electronic signature. If your
parents provide their information on your FAFSA they
can also sign the form electronically by obtaining a
PIN. Here's how:
Go to www.pin.ed.gov. You (and your parent) will be
asked to provide your/their name, social security number,
date of birth, mailing address, and email address (if
applicable). If you supply an email address, you will
also be asked to supply a password. If you provide an
email address you will receive an email that gives you
a web address where you can obtain your PIN. You will
need your password to access this web address! Of course,
if you don't provide an email address, your PIN will
simply be sent to you in the mail.
STEP 4: Review Your Student Aid Report
If you provided a valid e-mail address the results
of your FAFSA form will be made available to you electronically.
If you did not provide an e-mail address the results
will be mailed to you in the form called the Student
Aid Report or SAR. When you receive the Student Aid
Report, review the information carefully for accuracy.
If you need to make a change to the information you
may submit the corrections at www.fafsa.ed.gov. Note
that you must have a PIN to make corrections on the
Web. Alternatively, you may send the corrected and
signed Student Aid Report to the Josephinum Financial
Aid Office and the corrections will be submitted for
you.
STEP 5: Follow Up!
Contact the Financial Aid Director at PCJ to make
sure you have completed all of the necessary paperwork
to be considered for financial assistance. The Financial
Aid Director will contact you via an award letter when
your awards have been determined.
Filing Deadlines
The application period for the 2012-2013 award year
has already begun! The sooner you file your financial
aid forms, the sooner an award notification letter
can be sent to you. In addition, filing early
may mean better availability of financial aid
funds. The last day to submit financial aid application
forms for the 2012-2013 award year is September
10, 2012.
FINANCIAL AID PROGRAMS
The Pontifical College Josephinum offers a variety of financial aid programs to help students and their families meet the cost of education. The Net Price Calculator provides an estimate of the cost of attendance. The following program descriptions provide general information and eligibility criteria. For more detailed information on the federal aid programs, please refer to one of the U. S. Department of Education's publications, "The Student Guide" or "Funding Your Education". These publications are available on line via the Department's Web site at www.ed.gov/studentaid. Printed copies of these publications are available in the PCJ Financial Aid Office. For questions regarding any state aid or institutional aid program please contact the PCJ Financial Aid Office for assistance.
FEDERAL AID
Federal Work-Study Program
The Federal Work-Study (FWS) program provides jobs on
campus for students who file the FAFSA and demonstrate
financial need. Qualified students are placed in suitable
positions (clerical, maintenance, kitchen, library,
etc.) for at least minimum wage. Students may work a
maximum of 20 hours per week while school is in session.
Paychecks are distributed monthly to assist with personal
and living expenses. No advances are given.
Federal Pell Grant Program
This grant is awarded only to undergraduate students
who have not earned a bachelor or professional
degree. The 2012-2013 maximum grant amount is $5,550. Pell grant awards can be used for any
educational-related expenses. (Undergraduates
Only)
Federal Supplemental Educational Opportunity
Grant (FSEOG)
The FSEOG is a grant awarded first to those students
receiving a Pell grant then to those students with
the lowest family contribution. The FSEOG can range
from $700 to $1,400 and can be used for any educational-related
expenses. (Undergraduate only)
Federal Perkins Loan
Funds up to $4,000 per year for undergraduate students
($20,000 maximum aggregate) and up to $6,000 per year
for graduate students ($40,000 maximum aggregate) are
provided jointly by the college and the federal government
to make long-term, low-interest (5%) loans to students
with financial need. Loans are generally contingent
on levels of funding. The general provisions are
1. At least half-time attendance is required;
2. No interest accrues while the student is in school;
3. Repayment begins nine months after the student
ceases to be at least a half- time student, and interest
begins to accrue at five percent per year for a maximum
of ten years;
4. any funds received through this program are required
to be repaid;
5. repayment is deferred as long as the borrower maintains
half-time status in an institution of higher learning;
6. other deferment of payment may be granted under special
circumstances.
7. new Perkins borrowers are required to complete
an Entrance
Interview before their funds can be released;
8. an Exit
Interview is required when a student borrower
fails to maintain at least half time enrollment or
upon graduation.
FEDERAL DIRECT LOAN
The Pontifical College Josephinum participates
in the William D. Ford Federal Direct Loan (Direct
Loan) Program. Students
and parents who previously received loans through
the Federal Family Education Loan (FFEL) Program
will now borrow through the Direct Loan Program. The
Direct Loan Program offers the same types of loans
as the FFEL Program and Direct Loans generally
have the same terms and conditions as FFEL Program
loans. The U.S. Department of Education lends the money
directly to students and parents through the Josephinum
.
Direct Loans and FFEL Program loans have the same
annual and aggregate loan limits, and repayment is
deferred while attending at least half time.
Current loan limits per academic year are indicated
below. (*Note: the maximum "unsubsidized" amount
applies to Independent Students and Dependent Students
whose parents cannot borrow from the PLUS loan program.)
Freshman
Subsidized: $3,500
Unsubsidized: $2,000 - $6,000*
Sophomore
Subsidized: $4,500
Unsubsidized: $2,000 - $6,000*
Junior
Subsidized: $5,500
Unsubsidized: $2,000 - $7,000*
Senior
Subsidized: $5,500
Unsubsidized: $2,000 - $7,000*
Graduate
Subsidized: $8,500
Unsubsidized: $12,000
Stafford loans disbursed after July 1, 2006 and prior
to July 1, 2008 are at a fixed rate of 6.8%, and
are capped at 8.25%. Subsidized Stafford
Loans disbursed on or after July 1, 2009 are at a
rate of 5.6% with unsubsidized loans at a fixed rate
of 6.8%.
New Direct Undergraduate
Subsidized Loans disbursed on or after July
1, 2012 are at a rate of 3.4%. Unsubsidized loans are at a rate of 6.8%.
First-Time Direct Loan Borrowers Must Complete
a Direct Loan MPN
You may complete a Direct Loan MPN electronically
via the StudentLoans.gov Web site at https://studentloans.gov. To
complete a Direct Loan MPN electronically, you must
have a Federal Student Aid PIN. The Federal
Student Aid PIN is the same PIN used to complete
the Free Application for Federal Student Aid (FAFSA).
You also have the option of completing a paper Direct
Loan MPN available in the Financial Aid Office.
First-Time Student Loan Borrowers Must Complete
Direct Loan Entrance Counseling
You may complete Direct Loan Entrance Counseling
electronically via the StudentLoans.gov Web site
at https://studentloans.gov. A
Federal Student Aid PIN is required to complete online
Direct Loan Entrance Counseling.
PLUS Program
This plan provides loans to parents for undergraduate
dependent college students. The interest rate is variable,
but it will not exceed 9 percent. The annual limit is
equal to the cost of attendance less any other financial
aid which is received. The repayment of a PLUS loan
generally begins 60 days after the final loan disbursement.
STATE AID
Ohio College Opportunity Grant (OCOG)
This program is for Ohio residents who were enrolled
for the first time after July
1, 2006. To receive consideration applicants
must complete the FAFSA prior to the State of
Ohio's deadline of October 1, 2012.
Ohio Student Choice Grant (OSCG)
Due to current economic conditions and State of Ohio
budget shortfalls, the Ohio Student Choice Grant
has been officially eliminated beginning with the
2009-2010 academic year.
PHEAA
Students from Pennsylvania should file a Free Application
for Federal Student Aid (FAFSA) to apply for a Pennsylvania
state grant. For questions about the PHEAA grant,
students can call toll free while in the state of
Pennsylvania at 1-800-692-7392 or long distance from
Ohio at (717) 720-2800. PHEAA's mailing address is
1200 North Seventh Street, Harrisburg, Pennsylvania
17102-1444.
SCHOLARSHIPS
Jessing Scholarship Program
As a supplement to federal and state programs, the
Pontifical College Josephinum makes financial aid
available from
its own resources and development efforts. These scholarships
are distributed from various funds honoring specific
donors, as noted below. They are available to all full-time
students who are accepted as candidates for the
priesthood
by the Josephinum. Our founder dedicated his life to
assisting students in need, particularly as he recalled
his own journey to priesthood. For this reason, a significant
amount of available funds are reserved for scholarships.
In order to qualify for a Jessing scholarship, the
FAFSA should be filed and all other avenues of aid
must be
thoroughly investigated.
Msgr. Jessing also recognized the importance of encouraging
academic excellence and leadership skills. As priests
are called to teach, to sanctify, and to lead in the
Church, the Pontifical College Josephinum actively seeks
to challenge, nurture, and develop the personal gifts
candidates bring to vocational discernment and priestly
formation. The Josephinum encourages gifted students
and motivated leaders to put their best gifts at the
service of the Church.
Second Century of Progress Scholarships
This program memorializes our founder's mission that
no worthy candidate be denied a chance to study for
the priesthood because of finances. In 1992, with the
celebration of the Josephinum's centennial as a pontifical
seminary, a special fund was established to assist students
in need. Scholarships are disbursed in accord with the
norms of state and federal programs.
Diocese of Columbus Scholarship
Established in 1992, students from the Diocese of Columbus
were awarded scholarships based on their residence in
Columbus, their need, and merit. Other criteria include
academic records, Church involvement, and recommendations.
This scholarship is renewable with a 2.5 GPA or better
and can be used for tuition.
Mildred M. Daniel Memorial Scholarship
As part of the Mildred M. Daniel Memorial Endowment
Fund, financial aid is given to students in need, with
preference to students from Seneca County and northwest
Ohio. Miss Daniel, a devout Catholic, was particularly
interested in fostering vocations to the priesthood.
This scholarship can cover tuition in whole or part
and is renewable at the discretion of the administration
provided that continued leadership in the Josephinum
is coupled with a GPA of 2.5 or better.
Davis Family Scholarship Endowment in Memory
of Arthur Prendergast
A scholarship endowment was established by the William
H. Davis, Dorothy M. Davis and William C. Davis Foundation
in memory of Arthur Prendergast, an attorney who for
many years served as a member of and adviser to the
Board of Trustees of the Josephinum. The recipients
are known as the Arthur Prendergast Scholars. High school
GPA and class rank, SAT/ACT scores and evidence of personal
motivation are taken into account as additional criteria
for the award. This scholarship may cover tuition and
is renewable at the discretion of the administration
provided that a GPA of 2.5 or better is maintained and
significant contribution to the life of the seminary
community is made by the applicant.
Virgil and Ann Dechant Scholarship
An alumnus of the Josephinum, Mr. Dechant has served
as Supreme Knight of the Knights of Columbus. A former
member of the Board of Trustees, he and his wife Ann
have supported the Josephinum for many years. In 1992,
the Bishops in the United States established a scholarship
at the Josephinum in the Dechant's names for the purpose
of assisting students in need who also demonstrate academic
ability. Other criteria taken into consideration include
high school GPA and class rank, SAT/ACT scores, and
evidence of personal motivation in application essays,
letters of recommendation, and previous life experiences.
This scholarship may cover tuition and is renewable
at the discretion of the administration provided that
a GPA of 2.5 or better is maintained and significant
contribution to the life of the seminary community is
made by the applicant.
Monsignor Clarence M. DeRuntz Memorial Scholarship
In honor of our former Registrar and Alumni Director,
this scholarship is awarded to college seminarians who
have demonstrated academic ability in at least one year
at the Josephinum. It is renewable and may be applied
to tuition.
To apply for this scholarship,
the FAFSA must be filed. High school GPA and class rank,
SAT/ACT scores and evidence of personal motivation are
taken into account as additional criteria for the award.
This scholarship may cover tuition, room and board and
is renewable at the discretion of the administration
provided that a GPA of 2.5 or better is maintained and
significant contribution to the life of the seminary
community is made by the applicant.
Monsignor Clarence J. Klausing Memorial Scholarship
This scholarship is awarded on the basis of merit to
a full-time student who has demonstrated superior academic
achievement. Msgr. Klausing was an alumnus of the Josephinum,
Class of 1936, and he taught classical languages at
his alma mater for over 40 years. Criteria include high
school GPA and class rank, SAT/ACT scores, and evidence
of personal motivation in application essays, letters
of recommendation, and previous life experiences. This
scholarship covers tuition only and is renewable at
the discretion of the administration provided that a
GPA of 3.50 or better is maintained and significant
contribution to the life of the seminary community is
made by the applicant.
Anthony C. Ramm Scholarship
A close friend of the Josephinum's fifth rector, Monsignor
Adrian F. Brandehoff, Mr. Ramm designated the scholarship
to be awarded to the most academically qualified student
beginning seminary training at the Josephinum. Criteria
taken into consideration include high school GPA, class
rank and SAT/ACT scores.
Monsignor Gilbert F. Schmenk Memorial Scholarship
This scholarship was established to honor a devoted
alumnus who also served as the Josephinum's Treasurer
and Vice Rector. A priest of the Diocese of Toledo,
Msgr. Schmenk contributed significantly to the present
financial stability of the Josephinum. Preference is
given to students from the Diocese of Toledo on the
basis of need.
William and Rose Geiger Hahn Endowed Scholarship
Fund
A scholarship endowment was established by Nick
and Iris Hahn to subsidize the education and formation
of seminarians at the Josephinum at the discretion
of the President/Rector.
The Louis, Adelina, Peter and Amelita Mirolo Scholarship
Fund
A scholarship Endowment was established through
a bequest to the Josephinum to create a permanent
full tuition scholarship for needy students.
Monsignor David Gernatt Scholarship Fund
An endowment
scholarship fund was established by the family and
friends of Monsignor David Gernatt to provide tuition,
room and board to qualified students. High
School rank and SAT/ACT scores and personal motivation
are taken into account for the award.
The Walsh Family Scholarship Fund
A scholarship Endowment
was established through a bequest to the Josephinum
to create a permanent scholarship for seminarians.
OTHER RESOURCES
Veterans Benefits
Often overlooked are many benefits available to veterans
and to children of deceased veterans or those disabled
in military service. In addition to the benefits offered
directly by the Veterans Administration, others are
available through their various service organizations,
such as the American Legion, Veterans of Foreign Wars,
and the Catholic War Veterans, and directly through
the branches of the Armed Services. Any possible claim
resulting from the current or past military service
of the student or a member of the family should be investigated.
This program is supervised by the Registrar.
Parent's Affiliation Financial Aid Opportunities
You may be surprised at the various potential sources
of financial aid. Explore financial aid available through
parents' workplaces, military benefits, or religious,
ethnic, and fraternal organizations.
Web Sites
The following web sites allow you to conduct free scholarship
searches:
www.scholaraid.com
www.collegeboard.com/paying
For additional information, please telephone (614-885-5585)
or email Mrs.
Marky Leichtnam, the Financial Aid Director
at the Josephinum.
